The new chairman of global miner Rio Tinto said he would meet major shareholders in London in May, and would be prepared to scrap the USDl.9.5bn tie-up with China's state-owned Chinalco if they looked certain to oppose it. If shareholders vote down the deal there will certainly be a problem and the company will certainly have to take other action. Major Rio investors have complained that the Chinalco deal favours one shareholder over others.
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